Operating a trust or charity has become increasingly challenging with new legislative changes, finding new trustees, investing capital and increasing compliance expectations. Trusts and Societies are looking for a solution. They don’t want to lose the history of their charity, and may still want to be involved in decisions about how the funds are used, but they realise they can’t continue in their current structure. A trust transfer through Northland Community Foundation may be the answer.
Why is Northland Community Foundation a good option?
We were approached by the Dargaville Rotary Club, which managed the Hughes Trust Fund, about transferring the management of the Trust to Northland Community Foundation.
Six years after the initial transfer of $69,412, its original value has increased by 11.2%. In addition, the Fund has given out $10,700 in grants. These annual disbursements are paid out to the Dargaville Rotary Club to be distributed for charitable purpose within the Northern Wairoa region, as set out in the original intent of the Trust Fund.
The growth in the Fund, while also making grants, shows the power and potential of our perpetual endowment model and why transferring your Trust might be right for you.
Your capital is invested securely, and the annual returns are distributed to the charities or causes your trust has always supported. This ensures long-term, sustainable funding with minimal administrative burden.
The Foundation guides you through a simple legal process to wind up the original trust and move the assets into a new endowment fund. Once transferred, the fund continues granting to the same causes you care about.
No — your original purpose and intent are fully protected. The Foundation works with trustees to ensure your wishes are followed exactly as documented.
Many trustees choose to transfer because compliance, reporting, and governance requirements have become time-consuming, or because trustees are looking to retire and there is no one willing to step into the role. The Foundation handles all administration so your funds can continue to make an impact, without all the paperwork.
A trust transfer is when you move an existing charitable trust or fund to the Northland Community Foundation to be managed on your behalf. Your trust’s purpose stays the same, but administration becomes easier and more cost-effective.
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